EV Magazine May 2024 | Page 120

“ One key aspect is leveraging technology to enhance supply chain management . By integrating various parties , data and systems , businesses can move beyond the manual efforts of periodic strategic network redesigns ,” he advises . “ Instead , realtime visibility and collaboration across the entire supply chain enable proactive issue resolution and strategic decision-making .”

This shift from chasing data to acting on data allows supply chain professionals to focus on value-added tasks that can directly impact the profit and loss of the organisation .

Additionally , the infusion of AI into business processes contributes significantly to addressing economic imbalances . While AI is not a silver bullet , Mehmet stresses that it holds practical and theoretical promise in enhancing forecasting , market predictions , risk detection in the supply network and predictive simulations to rectify imbalances .

“ AI-driven automation can optimise impactful actions , aiding in the identification of new supply sources and providing insights into the consequences of human-led decisions ,” he says .

e2open trade experts have gone from making more than 23m to more than 73m changes to their Global Knowledge ® database in 2023 alone

MEHMET DEMIRCI , SVP OF GLOBAL PRESALES SOLUTION CONSULTING AT E2OPEN

However , the importance of human decision-making and collaboration remains paramount . A new integrated operating model is necessary , where AI and technology complement the strategic analysis and collaborative efforts of teams , ensuring faster , more informed decisions based on accurate data and facilitating adaptive responses to economic uncertainties and disruptions .

One such disruption no one wants to think about is a conflict between China and Taiwan . “ Taiwan dominates global advanced semiconductor production ,

120 [ May 2024 ] EVMAGAZINE . COM